How big is the bitcoin gambling?

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We often heard that the bitcoin has become the main currency for the online gambling and betting. However, onemay actually ask, how big is the bitcoin gambling? The recent studies have shown that the players have wagered over four and half billion US dollars worth of bitcoins within the last three years. In comparison, the total size of the online gambling market in 2014 was estimated to equal nearly 36 billion US dollars. This tells us that the bitcoin takes, roughly, 12.5% of the total online gambling market share. Apart from that, the online gambling is expected to be worth 66 billion US dollars by the year 2020, and, considering the dynamics of the bitcoin gambling growth, it does look that a large share of this growth will be attributed to the bitcoin gambling.

Read more ... source: TheBitcoinNews

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